Clause 45

in section 10B(12), in the definition of “specified amount”, delete paragraph (b);

in section 37E, delete subsections (1A), (1B), (1C), (3A), (4A) and (9A);

in section 37E, delete subsection (5) and substitute —“(5) No transfer is allowed under subsection (1) in any year of assessment if the transferor has assessable income for the immediate preceding year of assessment but no claim for relief has been made under section 37D.”;

in section 37E(6), delete “or (1A)”;

in section 37E(12), delete “or any one of the 3 immediate preceding years of assessment, as the case may be”;

in section 39(2)(e)(v) and (vi), delete “2009, 2010, 2011,”;

in section 39(2)(h), delete “35% (for the year of assessment 2011),”;

in section 39(2)(h), delete “$26,775 (for the year of assessment 2011),” (wherever it appears);

in the Fifth Schedule, in paragraph 1, delete “2009” and substitute “2012”;

in the Fifth Schedule, delete paragraph 3 and substitute —“3. No deduction is allowed in respect of any child who was engaged in any employment, other than under articles or indentures, or carried on or exercised a trade, business, profession or vocation, during the year immediately preceding the year of assessment.”;

in the Fifth Schedule, in paragraph 3A, delete “2010” and substitute “2012”;

in the Fifth Schedule, in paragraph 5, delete sub‑paragraph (1);

in the Fifth Schedule, in paragraph 5(2) and (3), delete “(1) or”; and

in the Fifth Schedule, in paragraph 6(2), delete “5(1) or 5(1A) (as the case may be)” and substitute “5(1A)”.